Pensacola Retail Center
For Sale
$2,360,000
1911 W Garden Street, Pensacola, FL 32502
10,800 SF / 7 Unit Retail Shopping Center For Sale
Property Size10,800 SF
Lot Size0.25 Acres
Price / SF$218.52
Days on Market604
Property Features for 1911 W Garden Street
General Information
Standard status
Active
Property type
Shopping centers, Other retail properties, Individual retail properties, Retail properties & Spaces
Size
10,800 SF
Class
A
Total Parking Spaces
89
Elevators
N/A
Lot size
0.25 Acres
Building Details
Year Built
2018
Buildings
1
Stories
1
Listed By:
Paul Salter
(850) 564-0120
Added: Feb 10, 2025
Changed: Mar 16
Investment Insights
Based on property information with market context.
This seven-unit retail shopping center, encompassing 10,800 square feet, is located at 1911 W Garden Street in Pensacola, Florida. The property sits on a 0.25-acre lot. It is part of a portfolio of three similar properties, though this listing is for the individual sale of this specific center. The seller retains the right to sell the properties individually or as a group. The property is classified as a shopping center, encompassing individual retail spaces suitable for a variety of businesses. Located in a desirable area, the property suggests strong potential for rental income. Further details regarding the financial performance of the property are available upon request. This presents a unique chance to acquire a well-situated retail center in a thriving Pensacola market.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$122,064
Cap Rate
5.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,441,280
$2.4M
Cap Rate 7%
$1,743,771
$1.7M
Cap Rate 9%
$1,356,267
$1.4M
Market Conditions
NOI Build-Up for 10,800 SF
Gross rent
$194.4K $18.00/SF
− Vacancy
−$20.0K −$1.85/SF
EGI
$174.4K $16.15/SF
− OpEx
−$52.3K −$4.84/SF
NOI
$122.1K $11.30/SF
Area
Escambia County, FL
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,441,280
Cap Rate 7%
$1,743,771
Cap Rate 9%
$1,356,267
Alternative Uses
Best Use
Retail
$1.74M
$1.53M – $2.03M
NOI $122,064 @ 7.0% cap · market cap 5.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.17M
$2.77M – $3.70M
NOI $221,876 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,702
Businesses Nearby
44k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 89%
Hotels & Casinos 6%
Dining 5%
Circle K
Shops & Services
21,532 visits/mo
0.4 miles
Shell
Shops & Services
9,975 visits/mo
0.0 miles
Dollar General
Shops & Services
6,901 visits/mo
0.5 miles
Days Inn Pensacola - Historic Downtown
Hotels & Casinos
2,776 visits/mo
0.1 miles
Papa John's Pizza
Dining
2,223 visits/mo
0.3 miles
Demographics for 32502, FL
4,277
Population
2,582
Households
1.7
Avg Household Size
46
Median Age
36%
College-Educated
92%
High-School Grad
2.7 sq mi
ZIP Area
1,584
Density / Sq Mi
$67,548
Median Household Income
$41,011
Median Earnings
$1,313
Median Rent
$229,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- One Palafox Place Llc — 3 W Garden St Suite 210, Pensacola, FL 32502
Frequently Asked Questions
What type of property is this?
Shopping center - 10,800 SF / 7 Unit Retail Shopping Center For Sale
Where is this shopping center located?
The property is located at 1911 W Garden Street Pensacola, FL.
What is the asking price?
The asking price for this property is $2,360,000.
